enquiries@nefc.gov.pg

NEFC Corporate Plan 2023-2027 launched.


Date Published:
Wed, 03/20/2024 - 08:24

The National Economic and Fiscal Commission on Friday 8th March 2024 was privileged and honoured to have its Corporate Plan 2023-2027 launched by the newly sworn in Minister for Rural and Economic Development Hon. Joseph Lelang.

The launching of the NEFC Corporate Plan 2023-2027 by Minister Lelang was his first official duty after being sworn in on Thursday 8th March 2024 as the minister for Rural and Economic Development which the commission falls under.

The occasion was also witnessed by Minister for Public Service Hon. Joe Sungi, Director NRI-Osborne Sanida, Registrar of Political Parties-Emmanuel Pok, Secretary for DIRD-Aihi Vaki and other departmental heads who attended the event.

NEFC Chairman and Chief Executive Officer Patrick Kennedy Painap in his opening remarks congratulate Mr Lelang appointment as the minister for Rural and Economic Development and acknowledged Minister Sungi for gracing the occasion with his presence.

Mr Painap said the occasion marks a significant milestone, in NEFC journey. “The corporate plan that we are about to launch outlines our strategic objectives and initiatives for the next five years. “And I am excited about the opportunities it presents for us to further improve service delivery and promote the sustainable economic development that will benefit the country, especially at the sub-national levels” Painap said.

Mr Painap said one of the key areas outlined in the plan is the review of the current intergovernmental financing arrangement system.

“This review is crucial to ensuring that our financing mechanism remain relevant and effective in meeting the needs of our nation. “It is an opportunity for us to reassess the current intergovernmental financing system and identify areas for improvement. “I’m confident that it will lead to positive outcomes for all levels of governments, particularly the people of Papua New Guinea.

“The vision we hold for the outcome of the IGFAR project will shape the development of an intergovernmental financing strategy” he iterated.

Mr Painap affirmed this strategy will serve as the blueprint detailing the essence of financial arrangements, fiscal transfers, and mechanisms for revenue sharing among various levels of government.

 

Pictured: Minister for Rural and Economic Development Hon. Joseph Lelang and NEFC Chairman/CEO Patrick Kennedy Painap posing with a copy of NEFC Corporate Plan 2023-2027 flanked by Public Service Minister Hon. Joe Sungi, Registrar of Political Parties Emmanuel Pok, Secretary for DIRD-Aihi Vaki and Director NRI-Osborne Sanida.

The launching of the NEFC Corporate Plan 2023-2027 by Minister Lelang.....
© 2022 NEFC. All Rights Reserved.